The firm is looking to link up foreign investors and estate agents by listing properties internationally.
Global property portal Residential People is now live in five countries, the UK, South Africa, UAE, India and Nigeria.
The firm is looking to link up foreign investors and estate agents by listing properties internationally.
Christopher May, commercial people co-director, said: “We are targeting both emerging and established markets alike.
“Alongside the UK, we are currently operating across and South Africa, as well as the UAE and India, and despite our brand infancy, we are well on the way to being one of the biggest portals in the UAE in terms of listings and on the way to becoming one of the largest in India as well.
“Our USP is simple. Every agent we’ve spoken to is concerned about the rising costs of property portals; Residential People is a free to list global property portal that helps to eliminate some of the expenses agencies face.”
Figures produced by The Association of Foreign Investors in Real Estate shows that London is the number one ranking city in the world for capital appreciation, and despite the uncertainty over Brexit, investment in the capital and the UK at large remains strong.
Foreign investors keen to capitalise on opportunities to enter into the UK market can utilise Residential People’s database of listings to seek UK deals across major cities such as Glasgow, Birmingham, Manchester and Edinburgh.
Since launching, Residential People has found that a growing number of searches on its UK site come from prospective overseas buyers looking to relocate here or investors keen to enter the market.
May added: “One of our key selling points is that we are international. It is a fact that thousands of properties in certain areas - especially commercial and new build apartments - are not being bought by locals but international buyers.
“In the UAE, for example, after only a few months, we have a 75% market share of all properties, and our audience is intrinsically linked to our UK site.”
With the global reach of Residential People, any UK estate agent can tap into the growing foreign investment across the UK, gaining more exposure on their listings for free not only from potential customers in the UK but also from successful expats across the UAE and now China too.
May said: “We also want to make it abundantly clear that our aim is to work with agents and build an alternative to some of the portals that exist today.
“With agents’ support, we are hoping to the disrupt status quo and give agents an alternative to the current monopoly.”
